ACCT $216-$ Intermediate Financial Accounting $2$ Assignment #$2$ LOs $2$ & $3-$ Chapters $10$ & $11$ Name: $1.6$ marks Undiscounted future cash flows $242,468$ $ Expected costs of disposing of the equipment $5,639$ $ Fair value of robotic equipment $187,964$ $ Present value of future cash flows $($value in use$)182,325$ $ Cost of robotic equipment $744,909$ $ $484,191$ $ Saber Industries follows ASPE. Required: On March $2,2022,$ Saber Industries purchased robotic equipment to use in manufacturing electric automobiles. The equipment is being depreciated using the double declining balance method. During the $2023$ year, new robotic technology was developed which is more efficient and precise in manufacturing large machinery such as cars. Some of Saber's competitors have already adopted this technology. Consequently, Saber conducts an impairment evaluation of its robotic equipment purchased in $2022.$ The following information was gathered during this evaluation, as of Saber's year end date of December $31,2023$: Determine the amount of the impairment loss, if any, for the robotic equipment for the $2023$ year. Prepare an entry to record any required adjustment. Accumulated depreciation on robotic equipment at December $31,2023$